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gtnhenbr [62]
3 years ago
5

You have just started a new web-based business, and now you realize that if you want your company to succeed, you will have to c

reate at least 10 new products over the next six months. Which of the following organizational characteristics would not help the company to be more creative? Check all that apply. A) Allow employees to make mistakes and even reward mistakes when they are made, if they stem from very creative ideas. B) Set up a reward system that encourages success. C) people only for doing things that make the company more profitable. D) Hire only recognized experts, and don’t hire anyone who is eccentric. E) Run the company like a tight ship. F) Create rules about how much creativity is expected and ensure that people follow them.
Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer: You have <u>just started </u>a new web-based business, and now you realize that if you want your company <u>to succeed,</u> you will have to create at least<u> 10 new products</u> over the next six months. The following organizational characteristics would not help the company to be more <u>creative</u>:

  • Hire only recognized experts, and don’t hire anyone who is <u>eccentric</u>.
  • Run the company like a <u>tight ship</u>.

Explanation:

<u>Creativity </u>is fundamental to the success of any business and today, more than ever, it is key to the survival of companies. <u>Managers can stimulate</u> creativity in all areas of their company and use it to <em>turn ideas into innovations</em> that give the business a competitive advantage. Here are some examples :

  • Focus creativity. (Creativity must focus on the most pressing challenges and problems facing the organization and is stimulated more the greater the number of restrictions we have).
  • Create the conditions to support creativity.
  • Provide stimuli that arouse creativity.
  • Train in tools for thinking differently.

Is important to listen to all ideas even the most craziest ones can log out from the usually and became a good tool for the company, that is why also eccentric kind of people must be hired to work on creative products.

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The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model an
SashulF [63]

Answer:

The fact that Becky Bongos sales are falling continually even though they keep decreasing the price shows that <em>the underlying problem is not as a result of the customers' dissatisfaction with price</em>. The underlying problem can be any <em>other factors like not paying attention to customers' needs, poor quality of the commodity, lack of proper marketing, and the presence of a superior competition</em>. The solution is not the reduction of price but rather, a closer look should be paid to these other factors.

7 0
3 years ago
Match the threats in the left column to appropriate control procedures in the right col-umn. More than one control may be applic
marshall27 [118]

Answer: Please refer to Explanation

Explanation:

When there are no or relatively low control procedures in a company, there is a threat of financial mismanagement and misdemeanors. This is why control procedures are needed, to address this and stop the leakage of company resources.

1. Failing to take available purchase discounts for prompt payment.

d. File invoices by due date.

e. Maintain a cash budget.

Here two things can be done to control the threat. Firstly, by paying invoices during the discount period, the company can be able to take discounts on goods and services provided to it. Also by maintaining a cash budget, a company can put when a payment is due to be able to claim a discount and act accordingly.

2. Recording and posting errors in accounts payable.

Conduct an automated comparison of total change in cash to total changes in accounts payable.

Using a program to check whether the amounts in the cash account corresponds to the payments on the Accounts payable account will tell you if the amounts tally and will therefore reduce errors.

3. Paying for items not received.

Issue checks only for complete voucher packages (receiving report, supplier invoice, and purchase order).

When issuing checks, make sure that all the above mentioned reports are in order. That way you can check if the goods were delivered as well as if they were even ordered properly in the first place.

4. Kickbacks.

Require purchasing agents to disclose financial or personal interests in suppliers.

Train employees in how to properly respond to gifts or incentives offered by suppliers.

By requiring that purchase agents disclose their relationships with suppliers, you can monitor to check and see if there is a possibility of kickbacks occuring.

Also, by training employees on acceptable methods of receiving gifts, they can know when it is no longer a gift but rather a kickback.

5. Theft of inventory.

b. Document all transfers of inventory. c. Restrict physical access to inventory.

By documenting all transfers going in and out of inventory, the true inventory figure can be known from the records and then used to match with the actual inventory to see if they truly tally.

Restricting the amount of people who have access to the inventory to a few trusted people also limits the amount of people who can steal the inventory as well as making it easier to find out who did when it is done because the focus can be on a few people.

8 0
3 years ago
A plaintiff in a successful lawsuit was awarded a judgment of $4800 per month for 5 years. The plaintiff has the need of a fairl
tatiyna

Answer:

58.81% annual

or 3.93% monthly

Explanation:

Using a financial calculator, we can determine the internal rate of return of this investment. The initial outlay is -$110,000, and the 60 $4,800 cash flows follow. The IRR is 3.93 per month. In order to determine the effective annual rate, we can use the following formula:

effective annual rate = (1 + 3.93%)¹² - 1 = 58.81%

8 0
3 years ago
Suppose you face a choice between a certain income of $2,000, or a 50-50 chance of income of $1,000 or $3,000. Suppose you prefe
Aleonysh [2.5K]

Solution :

The risk averse is the person who wishes to reduce the uncertainty attached to the money.

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50-50 chance of 1000 and 3000 would income expected income of

(0.5 x 1000) +(0.5 x 3000) = 2000

Both of them gives an equal amount of income while there is uncertainty attached with the second case which makes the risk averse person disincline to follow.

Hence the statement is FALSE.

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8 0
3 years ago
You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.
Nady [450]

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

standard deviation of return is

= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

= $9,108.00

In this way it should be calculated

8 0
3 years ago
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